MIRA INFORM REPORT

 

 

Report Date :

8th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

EURO DIAMOND INC.

 

 

Registered Office :

#304, 3FL., Golden Tower, 146, Bongik-dong, Jongno-gu, Seoul , Korea

 

 

Country :

Korea

 

 

Date of Incorporation :

13.11.2002

 

 

Com. Reg. No.:

110-81-59340

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesales of accessory

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


Basic Information

 

Company Name

Euro Diamond Inc.

Address

146, Bongik-dong, Jongno-gu, Seoul, Korea

Building

#304, 3FL., Golden Tower

Zip Code

110-390

Tel

+82-2-743-1487/8

Fax

+82-2-743-1486

Website

www.euro-diamond.com

Type

Import/Export

Industry

Wholesales of accessory

Main Business

Jewelry, Diamond

Established

11/13/2002

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Jewelry

Sell

Diamond

Sell

Accessory

 

 

Others

 

Name

Kim Young-Yol

Address

89, Bangi-dong, Songpa-gu, Seoul 138-050 Korea

Date of Birth

03/22/1957

Title

President & CEO

Sex

Male

Nationality

Korean

Capital

50,000,000 KRW

Formation

CO., Ltd by shares.

The subject imports from Israel, Belgium and India.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Kim Young-Yol

Male

Korean

11/23/2005

Director

Mr.

Kim Jin-Kwon

Male

Korean

03/10/2005

Auditor

Mr.

Jeong Young-Kil

Male

Korean

03/10/2005

 

 

Financial Description  

                                                                                         Unit: KRW

Authorized Capital

200,000,000

Paid-Up Capital

50,000,000

Total Issues Shares

5,000

Corporate Registered No.

 

110111-2651936

 

 

Business Registered No.   

 

110-81-59340

 

 

Company History

 

11/13/2002 Established

07/31/2003 Moved to the present address

 

 

Organization Structure

 

Competitors

GP Diamond

DIVAS Diamond

Samshin Diamond

SR Diamond

Jangs Korea

JN Diamond

 


 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions